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How to Qualify to Audit a Self-Managed Superannuation Fund

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A self-managed superannuation fund (SMSF) is established as a trust structure. The fund’s sole purpose is to manage retirement funds on behalf of its members, the benefits of which can also be passed to a member’s beneficiaries upon death. All SMSFs require an annual audit and only auditors who are Australian residents and who have registered with the Australian Securities and Investment Commission (ASIC) can be approved. Once registered, there are other requirements that must be met before they are eligible to be placed on the list of sanctioned SMSF auditors.…

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